Price of one Bitcoin to reach $2000 by end of 2014

A prominent venture capitalist has predicted that the price of a single Bitcoin will breach the $2000 mark by the end of the year.

Geoff Lewis, a leading partner at the Founders Fund which has investors and early employees of prominent technology companies including PayPal, Facebook, Googleand Google has predicted at the CoinSummit in London that Bitcoin will rocket in price within the next five months.

Other industry experts have told the Daily Telegraph newspaper that the $2000 price is an underestimate of the potential value Bitcoin will posses in the future.

Roger Ver said”

“I actually think $2000 is a pretty conservative estimate,” he told The Telegraph. “We don’t know for sure if it’s going to happen in this year, but there’s no doubt in my mind that Bitcoin’s price is going to be thousands of dollars and, almost for sure, tens of thousands of dollars for one.”

There are now a whopping 13m Bitcoins in circulation with a growing number of wallets and prominent stores accepting the currency.